An audit helps keep track of where the money is going and makes sure the money is going where it is supposed to and not in someone's pocket. An audit can also help a company know if it is losing or making more money.

Internal Audit is a correction process by which the directors knows whether with this current liabilites and net loss or profit , what direction the company can take and plan the budget accordingly for the next year

An audit helps keep track of where the money is going and makes sure the money is going where it is supposed to and not in someone's pocket. An audit can also help a company know if it is losing or making more money.Internal Audit helps organization to review the effectiveness of processes and related international standards, provides scope of improvement, demonstrates top management commitment, provides information for management review meetings and helps improving customer satisfaction and confidence.

n audit helps keep track of where the money is going and makes sure the money is going where it is supposed to and not in someone's pocket. An audit can also help a company know if it is losing or making more money.

Internal Audit helps Organizations to review the effectiveness of their internal controls.This will go a long way to ensure that the organizations assets are protected and the business is moving in the desired direction

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The Internal Auditing profession evolved steadily with the progress of management science after World War II.